May 25, 1977. The date the blockbuster movie Star Wars was first released. To me, that almost seems like yesterday; but it was nearly forty years ago!!! Time surely flies by us and now millions of millennial generation (aka Generation z), baby boomers (like me) and generation x -ers will again stand in long lines to await the latest release of the Star Wars phenomenon – The Force Awakens. There is less than a month remaining in 2015; how can it already be Christmas? But time surely marches on and it’s time for you to get serious about your 2016 retirement plan and financial planning. What about that 401k plan and have you made your max 401k contributions for the year? And what about next year, what are the 401k contribution limits and any “catch up” contribution limits? Boring stuff, I know…
but it’s these little details that make a massive difference in a happy retirement and a not-so-happy one.
Many usually savvy savers and money saving moms are still procrastinating on developing their long-term financial planning. And no surprise, this year has not been especially kind to investors in the Dow Jones or stock market today. Looks like 2015 will be a no-gain year for most, especially disastrous for those who either invested in or worked in the oil and gas industry,
Commodities like energy, silver and gold all got hammered the past twelve months. And layoffs of thousands of employees that had enjoyed well-paying and lucrative careers are now sweating bullets over what 2016 may bring. The last thing on their minds may be max 401k contributions. While this year was nothing like the financial crisis of 2008, the melt down in these hard hit sectors was not limited to the US stock market. The economy in China, Russia, India and Brazil were even more negatively impacted by the unbelievable drop in the price of a barrel of oil. While lower local energy prices are helpful for most of the population, it is wise to remember that “sector recessions,” in America are extremely contagious. And it’s a worse contagion than the flu; unfortunately there isn’t a Tamiflu shot or quick remedy. If you were lucky enough to not be adversely affected by the demise abroad and at home, never forget it could easily happen to you and your employment sector next. And be not contributing to your 401k, you could be missing out on “free money” in the form of employer matching.
Many a baby boomer, gen x and millennial easily forget that the stock market today is sitting at historically high levels. And the Federal Reserve is on the verge of increasing interest rates. The volatility and rapid value declines in their IRA, Roth IRA, 401k and retirement plan are enough to make anyone throw up their hands and quit. But there is a simple secret strategy and solution that will help you sleep at night and rest assured that your future retirement income account will grow. The future income generation potential is why we invest in the first place. But unlike our parents and grandparents, we do not have the luxury and benefit of a lifetime pension; beyond that of social security.
And my social security seems less likely each year that it will be around to pay what it had promised to baby boomers and generation x. Millennials may have to forget about receiving social security altogether. But the secret solution strategy that has been implemented by the wealthy and wise for years is also available for you too. This solution is the little known value of a private annuity as a pension for your retirement. Think about it… would you prefer to have $500,000 in your hands today in a lump sum and be responsible to invest it so that it produces enough income for life; or be guaranteed to receive $50,000 per year, every year for the rest of your life?
And if you happen to not live very long, a substantial lump sum of money would be left remaining to your loved ones and heirs. This is the power; security, reliability and value of using a simple annuity structure to insure you’ll always have a healthy and steady monthly income for as long as you live. This is why one learns how to create a private pension for your retirement and Michael Ham and my Money Track is here to help and guide you with expert advice. You could easily acquire an annuity investment today that will contractually guarantee your income account value will grow by at least 7% annually. And if the stock markets today happens to perform better than that, you would instead earn up to 13% per year. And you could even apply our strategy to set up a totally income tax free retirement! Sound a little too good to be true? Why do you think savvy and smart investors such as former FED chairman Ben Bernanke, financial guru Suze Orman, renowned motivational speaker Tony Robbins and even infamous intellects like former Enron CEO Ken Lay personally invest huge sums of their hard-earned money in annuities to create value in their retirement private pension? Michael Ham founder of My Money Track is happy to help you gain the knowledge and information necessary for you to make your own educated decision on the value of annuities.
The new modern annuity that doubles as a pension for retirement is like nothing else you’ve experienced before. The Wall Street Fat Cats do not want you to learn about this secret solution; they don’t make money unless you buy their risky, unprotected investment schemes. With over $18.4 trillion in debt and the likelihood of increasing income taxes, the stock market will have strong headwinds to overcome. And using a structured allocation of annuities to create your personal retirement pension will also provide you with two incredible benefits;
- Income tax advantaged growth and
- Complete asset protection from liabilities, creditors, predators and even bankruptcy.
Just consider that any other tax deferred or advantaged retirement plan or vehicle is limited as to how much you are allowed to invest in by the IRS. And common sense tells us that if the IRS wants to limit something that benefits you, it must be very, very good. There are virtually no limits as to how mush you may invest into safe, secure and protected growth pension annuities; that are fully contractually guaranteed by a financial institution. If what you’ve been doing to build your net worth and retirement income isn’t working, maybe it’s time for you to think outside your financial box and look at a guaranteed solution? Surely, big Ben who could afford and has access to the best investment advisor and advice money can buy holds his largest two investments inside an annuity; you should check them out for yourself. Simply give us a call or email. Even if you reside outside of our local Dallas and Ft. Worth service area, we are happy to help. We invite you to call or email today!